M.Shanmugasundaram (Accounts) (234 Points)
17 November 2015Sir,
How to made Tally ERP-9 Voucher Entry for Swachh bharat cess 0.5%..?
Regards,
M.Shanmugasundaram
Naveen Sharma
(Article Assistant)
(36 Points)
Replied 17 November 2015
Sir, Journal entry for the Swachh bharat cess shall be made seprately because credit of cess is not allowed and further it is cleary by CBEC that is should be mention separately on invoice and accounting will be done separately.
As per the FAQ issued by the CBEC follwing are the wording used :-
SBC would be levied, charged, collected and paid to Government independent of service tax. This needs to be charged separately on the invoice, accounted for separately in the books of account and paid separately under separate accounting code which would be notified shortly. SBC may be charged separately after service tax as a different line item in invoice. It can be accounted and treated similarly to Education cesses.
Rajiv
(Senior Accounts Officer)
(1548 Points)
Replied 17 November 2015
SIR,
ENTRY OF SBC WILL BE ENTERED IN TALLY
FREIGHT INWARD AMT. DR 12350
SBC PAID DR 18.53
SERVICE TAX PAID DR 518.7
SBC PAYABLE CR 18.53
SERVICE TAX PAYABLE CR 518.7
VANDOR A/C CR 12350
Meet Thakkar
(*CA)
(49 Points)
Replied 18 November 2015
JAGANATHAN R ACMA, SAP(Fi-Co)
(Manager Accounts and Finance)
(915 Points)
Replied 21 November 2015
the vendor value shoulbe tallied with tax invoice
H V Patel
(Job, Business)
(99 Points)
Replied 05 December 2015
Dear Sir,
New Tally.ERP9 release 5.1.3 launched, and it has S B Cess Features. please try, you can download setup from "https://www.tallysoftwares.in/download.H T M L"
Regards
Patel Software
Tally Authorised Partner & Developer
chandra sekar
(Manager-Accounts)
(387 Points)
Replied 23 December 2015
Lol means : laugh out of lips
Akanksha Gupta
(Finance Manager)
(25 Points)
Replied 02 May 2016
where to open the SBC account?
whether Direct Exp or Duties & Taxes in Tally
francis desilva
(Assistant Manager Accounts & Finance)
(27 Points)
Replied 08 November 2016
Since input credit not available for Swaach bharat cess paid on inputs , can I expense like following in the entry itself ( meaning not showin the SBC separately)
Input services ( expenses ) A/c Dr (including the SBC amount)
Service tax input @ 14% Dr
Krishi Kalyan cess input @ 0.5% Dr
To party account Cr
Can I directly expenses the SBC paid as above?
Also should we need to show in any of the place of ST-3 (service tax return) the SBC paid on the above example ?
CAclubindia
